Bankruptcy is a way for an individual or business to have their debts legally discharged in the event that they cannot pay them. For example, if your home is being foreclosed upon or your debts have ...

Welcome to Money Basics, Yahoo Finance’s new personal finance series offering quick explanations for some of the most important terms involving your money. Bankruptcy is a legal process that helps ...

Bankruptcy is a legal process that can eliminate unsecured debt or establish a repayment plan for a portion or all of a consumer's debts. Bankruptcy is serious and should only be used as a last resort ...

Who can qualify for bankruptcy and what should you expect once you've filed for it? The answer varies case by case, says personal finance expert Farnoosh Torabi. Chapter 7 and Chapter 13 bankruptcies ...

Most non-bankruptcy lawyers are intimidated by the bankruptcy process. References to Bankruptcy Code sections as a shorthand for describing issues and solutions can cause confusion and anxiety; the ...

Anyone who has considered filing for bankruptcy will tell you it's not easy to find someone to talk to about it. After all, the subject isn't exactly something you'd bring up while standing around the ...